News Formal

Parex Resources shares drop after company cuts production forecast for the year

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 92%

Energy News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Parex says the midpoint of its production guidance for its 2024 financial year is now 49,000 barrels of oil equivalent per day, down from earlier expectations for 57,000 boe/d

were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity.

The company says the lower production guidance was primarily driven by lower-than-expected results at its Arauca operations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TIFF 2024: The risky business behind Sook-Yin Lee’s sex-work dramedy Paying for ItSook-Yin Lee’s new film is an adaptation of her former partner Chester Brown’s graphic novel, which chronicles the author’s encounters with Toronto sex workers
Source: globeandmail - 🏆 5. / 92 Read more »